JPMorgan Chase, the largest bank in the US, has acquired the majority of collapsed First Republic Bank after it was seized by the Federal Deposit and Insurance Corporation (FDIC). In a press release, JPM says it has acquired approximately $173 billion worth of loans, $30 billion worth of securities, and $92 billion worth of deposits, The post US Government Sells Nearly $300,000,000,000 in Assets to JPMorgan After Collapse of First Republic Bank appeared first on The Daily Hodl .
